According to Football Insider (h/t the Daily Mirror's Liam Corless), the Gunners offered £4 million for the full-back, but Leicester City are doing whatever they can to keep him at the club. The Sun (h/t the Daily Star's Alex Harris) previously reported that Arsenal tried very hard to land the teenager last summer, and a battle with Liverpool for his services is expected.
Chilwell spent part of the season on loan with Huddersfield and made a big impression during Leicester's FA Cup clash with Tottenham Hotspur. BBC World Service's John Bennett couldn't believe how calm he looked:
John Bennett @JohnBennettBBC
Ben Chilwell has a bright future. Looks like he's been playing against Premier League teams for years. #lcfc #THFC2016-1-10 17:29:06
He's been limited to cup-tied appearances for the Foxes, however, as Christian Fuchs remains the regular starter for the Foxes on the left wing. The lack of regular playing time combined with laughable wages―he makes just £800 per week, according to Corless―makes it hard for Leicester to keep him around.
Chilwell's contract is set to be improved, but with Arsenal reportedly so interested in the youngster, one has to assume negotiations won't be easy.
Per BBC Leicester Sport, manager Claudio Ranieri has made it very clear he wants the youngster to play, which may mean another loan spell is on the horizon:
BBC Leicester Sport @BBCRLSport
"I think for him it's very important to play. I believe in him." - Claudio Ranieri on Ben Chilwell https://t.co/OZugAPbeKr2016-1-20 07:30:07
The Gunners don't need another left-back, as Nacho Monreal is enjoying a fine 2015-16 campaign and Kieran Gibbs provides plenty of depth, but young English talent always carries value, and Chilwell's future looks bright.
With that in mind, it's easy to see why the club would make multiple offers for his services, but Leicester seem keen to keep hold of him for now, and the Gunners are unlikely to increase their offer by much.
Abel Hernandez Targeted?
Arsenal are reportedly looking at Hull City's Abel Hernandez as a possible January addition, hoping the Uruguayan could add some attacking depth for the remainder of the season.
That's according to TuttoMercatoWeb.com (h/t Metro.co.uk's Max Miller), who claim Hernandez's hot form has opened the door for a move, despite his struggles in the Premier League last season. The 25-year-old has already scored 15 goals in 21 Championship starts this season, but he bagged just four goals in the top division last year, per WhoScored.com.
Here's a look at some of his highlights from the first half of the season:
Hernandez seems to have rediscovered his best form after some struggles in his first season in England, and he's clearly a step above the competition in the Championship.
Hull City will be desperate not to sell in January, as the Uruguay international has been the driving force behind their bid for promotion.
Arsenal aren't expected to make any more major moves in January, and according to James Olley of the London Evening Standard, manager Arsene Wenger has ruled out any more signings unless players leave the club first:
James Olley @JamesOlley
Wenger: "Unless people go out, we are not on the verge of bringing anyone in." Dismisses link to Javier Hernandez too.2016-1-29 09:10:58
Hernandez could be a valuable depth piece who has finally hit his stride in England, but a January move seems highly unlikely. The Tigers need him in their bid to win promotion and would hold out for a massive fee—something he wouldn't be worth for Arsenal, who already have a host of attacking options.
He's unlikely to stay with Hull if the Tigers fail to win promotion, and it wouldn't be a shock if he emerged as one of the top value signings of the summer in that event.
But a January move is off the table right now, and if he does leave Hull, Arsenal doesn't seem a likely destination.